One of my resolutions for this year was to take care of my finances so that in a year’s time or two, I could have enough money for a holiday overseas or to finally open the small shop I have promised myself. However, I have found it very difficult to save because there always seems to be things that demand the money and I suspect that millions of us encounter the same problem: Where is the money to save going to come from? Here are some easy budgeting tips that I received after making a phone call to my Metropolitan advisor.

  1. Determine your income from all your sources

    Sticking to your financial solution (2)

    We began by looking at all my sources of income (which isn’t much). The first step we took together was to make sure that I fully understand my financial situation. This meant drawing up a budget. It was very easy, and the consultant knew exactly what he was talking about. This was a great comfort to me, since I had never before had someone go through my financial mess.

  2. Draw up a list of your essential fixed expenses

    Sticking to your financial solution (4)

    There were expenses that I knew I could not live without, which included my rent and taxi fare. But the financial advisor was very patient and carefully helped me to put together my expenses and to subtract them from my monthly income. Make sure you don’t leave out essentials like you are travelling alot, don’t forget to buy your best auto darkening welding helmet to protect your own head and eyes.

  3. Read more